Everything We Know About Putin Seizing Millions From Google

Published: Aug 26, 2024 Duration: 00:04:12 Category: Entertainment
Tags : Google tech news vladimir putin grunge financial transparency
Trending searches: google putin
Vladimir Putin again made headlines  in August 2024 when it was reported   that he had seized a hefty sum of  money from Google. Here's everything   we know about the Russian leader's  battle with the global tech giant. Google has long had a difficult relationship  with the theory and practice of dictatorship.   They've been credibly accused of  being such within the tech world;   its sheer size and its business practices make  it hard to argue otherwise. The company was   branded an illegal monopoly in August 2024 in  a watershed case before a U.S. federal court. However, Google has also struggled to navigate  its relationship with dictatorial governments.   It received — and honored — thousands of requests  for censorship by regimes from around the world,   and its compliance with dictates by  the Chinese government in the early   2000s brought it condemnation  by international rights groups. In the 2020s, Google has run into difficulties  with the dictatorship in Russia. When hostilities   in the Russo-Ukrainian War resumed in 2022,  Russia demanded that Google censor any ads   that it branded as misleading or false about its  invasion within its territory on its subsidiary,   YouTube. In response, Google temporarily  suspended all its advertising in Russia. "And Putin is paying a big  price for his aggression." Google's response to Russia following the 2022  Ukrainian invasion was complicated by their 100   employees working in Russia. According to The New  York Times, Vladimir Putin's regime has gone after   workers when their companies don't comply with  government requests. In the immediate aftermath   of its clash with Russian censorship demands,  Google did not see its employees prosecuted.   But it did see a series of financial hits after  it expanded its response to the Ukraine invasion. Following its temporary advertising freeze, Google  opted to ban several high-profile, state-sponsored   Russian channels from YouTube, first in Europe and  then globally. It also suspended app purchases,   and software updates, though basic  free services remained. In retaliation,   the Russian government imposed a series of fines,  some related to Google's blocking of their media,   some related to pro-Ukrainian content left on  Google or YouTube in the country. They then seized   the $100 million from Google's accounts, though  the amount wouldn't be reported for two years,   in August 2024. Unlike the fines, no reason  was given for the asset seizure at the time. Such a heavy financial blow was too much for  Google Russia to sustain. It was forced to   declare bankruptcy in May 2022. The motion  and the seizure left Google Russia unable   to pay its employees. Most of them were moved  out of the country or else left the company   while remaining in Russia, before bankruptcy had  even been declared, per The Wall Street Journal. The same court documents that revealed the amount   of money Russia seized from Google in  2022 also provided the grounds given:   the company owed damages to state-sponsored  and regime-friendly TV stations. One of the   fines imposed on Google prior to their account  seizure was because Google blocked a channel   controlled by Konstantin Malofeev , a notorious  oligarch under U.S. sanctions since 2014 for his   rhetoric against Ukraine. Malofeev's Tsargrad  TV, an Orthodox Christian channel, was named   in the Moscow court order allowing the account  to be seized on top of the $12.5 million fine. Malofeev wasn't the only media figure  to benefit from the money taken from   Google. Several channels received payouts,  including RT. But Tsargrad's management vowed   to specifically use the money they received  from Google for propaganda purposes — it was   put toward content supportive of Russia's  invasion and its ongoing war with Ukraine.   Former employees and creditors of Google  had to wait in line behind broadcasters. According to The Telegraph, Russia maintains that  Tsargrad is owed still more. They put Google's   penalty at $360 million. It has followed up its  seizure of Russian assets with efforts to get at   Google's accounts in other countries. In response,  Google filed its own lawsuits in August 2024 in   British and American courts against Tarsgrad, RT,  and NFPT in an effort to thwart further seizures.

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